Question

a companys stock began the day at $29.12 per share. that price drops by $1.05 each hour.
a. what is the price per share after 5 hours?
b. what will it be after 29 hours if this rate continues?
c. explain what the signs of the answers mean in this context.
a. what is the price per share after 5 hours?
○ a. the price per share after 5 hours is - $1.33.
○ b. the price per share after 5 hours is $24.12.
○ c. the price per share after 5 hours is $23.87.
○ d. the price per share after 5 hours is - $1.08.
b. what will it be after 29 hours if this rate continues?
○ a. the price per share after 29 hours will be $23.87.
○ b. the price per share after 29 hours will be $24.12.
○ c. the price per share after 29 hours will be - $1.08.
○ d. the price per share after 29 hours will be - $1.33.

Explanation:

Step1: Calcular la caída en 5 horas

La caída por hora es de $1.05. En 5 horas, la caída es \(1.05\times5 = 5.25\) dólares.

Step2: Calcular el precio después de 5 horas

El precio inicial es de $29.12. Restando la caída: \(29.12 - 5.25=23.87\) dólares.

Step3: Calcular la caída en 29 horas

La caída por hora es de $1.05. En 29 horas, la caída es \(1.05\times29 = 30.45\) dólares.

Step4: Calcular el precio después de 29 horas

El precio inicial es de $29.12. Restando la caída: \(29.12 - 30.45=- 1.33\) dólares.

Answer:

a. C. The price per share after 5 hours is $23.87.
b. D. The price per share after 29 hours will be - $1.33.